INTRODUCTION TO PROJECT MANAGEMENT Verified Exam |Question and Answer| #latest

INTRODUCTION TO PROJECT MANAGEMENT Verified Exam |Question and Answer| #latest What is a project? *Answer* -has a unique purpose -is a temporary endeavor -has a beginning and an end -is developed using progressive elaboration -requires resources, often from various areas -should have a primary customer or sponsor A project is a way to create... *Answer* -a product -an improvement -a service -a result Portfolio *Answer* a collection of projects, programs, and operations managed as a group to support strategic objectives Program *Answer* is grouped within a portfolio Project Management *Answer* The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements The 5 process groups (Project life cycle) *Answer* 1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing the knowledge area of Project Integration Management *Answer* Ensure that all the project's components are properly coordianted the knowledge area of Project Scope Management *Answer* Define the processes that limit and control the work included in a project the knowledge area of Project time Management *Answer* Manage the activities to complete the project w